Altantsag

Mrs. Altantsag, 50, is a pensioner. Sometimes she produces dairy products and sells them to customers. She used to live in a rural area and moved to Ulaanbaatar, the capital city, in 2006. Since then, she has owned a small plot of land with her younger brother and his family in the ger district. A ger is a traditional Mongolian nomadic yurt.

In 2010, she and her younger brother started building a small house, but it has still not been completed. She has requested a loan to make some remaining decorations. The loan will be used to buy the necessary building materials to complete her house.

Additional Information

About Credit Mongol

Credit Mongol is the largest non-banking financial institution (NBFI) in Mongolia. Its mission is to contribute to the prosperity of Mongolians by providing high-quality, affordable and varied financial services to micro-entrepreneurs and small-to-medium-sized businesses. It prioritizes serving remote, rural populations that have typically lacked access to credit and other financial services. Uniquely, it offers solar panel loans to nomadic herders, most of whom live without electricity.

About Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.